BuySell Technologies Co.,Ltd. Announces Borrowing of Funds from Mizuho Bank, Ltd
February 14, 2024 at 01:00 am EST
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BuySell Technologies Co.,Ltd. announced that the company borrowed from Mizuho Bank Ltd. for the acquisition of Musubi Co.,Ltd. Lenders: Mizuho Bank Ltd.; loan amount: JPY 4.6 billion; Interest rate: Base rate + Spread; Date of borrowing: March 14, 2024; Borrowing period: 7 years; Repayment Method: Equal repayment of principal every 3 months.
BuySell Technologies Co., Ltd. is a Japan-based company mainly engaged in the online reuse business. The Company is engaged in the provision of Speed Kaitori and Kaitori Premium platforms that provide comprehensive reuse services through three methods, including business trip visit purchase, home delivery purchase and carry-in purchase. The main products handled are kimonos, stamps, old coins, precious metals, jewelry, branded goods, watches, antiques, fur, liquor and other products. The sales business is mainly engaged in the corporate sales business through the secondhand goods market and auctions for vendors, as well as the provision of an electronic commerce (EC) site Speed Kaitori Online for general consumers. The Company is also engaged in the operation of a smartphone app CAPPY that can sale used cars. The Company is engaged in the provision of marketing, call center, authenticity appraisal and assessment, purchase, inventory management, sale and other reuse related services.
BUYSELL TECHNOLOGIES CO.,LTD. 
